Cleveland's Health Tech Corridor: At a Glance

Jun 13, 20130 likes188 views

The document outlines various financial investments and developments in Cleveland's Health Tech Corridor, including significant funding for projects such as the Global Cardiovascular Innovation Center and senior housing. It highlights a total of $24 million in business expansion and renovation projects, along with over 443,000 square feet of new construction. The efforts resulted in the creation or retention of 1,940 jobs in the area from 2008 to 2013.

The听City听of听Cleveland听
Health听Tech听Corridor听
Cleveland听Hearing听&听
Speech听
$17听Million听
Courtyard听Marrio 听
$26听Million听
Global听Cardiovascular听Innova on听
Center听
$19.4听Million听
Pierre鈥檚听Ice听Cream听
$7.5听Million听
Uptown听Phase听I听
$44.5听Million听
Midtown听Tech听Center听(MTC)听
$22听Million听
MTC听II:听7000听Euclid听
Avenue听
$7.4听Million听
MTC听Phase听III:听6555听Carnegie听
$8.9听Million听
Midtown听Police听Sta on听
$16.8听Million听
Victory听Building听
$24听Million听
Agora听Building听
$3听Million听
New听Bridge听
$3.6听Million听
Senior听Housing听
$9.5听Million听
Permanent听Suppor ve听
Housing听
$5听Million听
Uptown听Phase听II听
$20听Million听
Museum听of听Contemporary听Art听
$27.2听Million听

The听City听of听Cleveland听
Health听Tech听Corridor听
2008鈥�2013听
听
BROWNFIELD听ACTIVITIES:听
44.33听acres听assessed听
28.76听acres听cleaned听to听NFA听or听be er听
听
RENOVATIONS/EXPANSIONS:听
538,748听SF听Renovated听Mul 鈥恡enant听听
104,054听SF听Renovated听Mul 鈥恡enant听leased听
$24听million听in听Business听expansion/renova on听projects听
听
NEW听CONSTRUCTION:听
443,798听SF听in听NEW听construc on听projects听听
416,775听SF听in听NEW听construc on听projects听leased/occupied听
听
JOBS:听
1940听Jobs听Created/Retained听
听

The document discusses accounting for leases according to MFRS 117. It defines key terms such as operating lease, finance lease, minimum lease payments. For operating leases, the lessee recognizes rental expenses on a straight-line basis and does not record the leased asset on its balance sheet. The lessor continues to recognize the leased asset and recognizes rental income also on a straight-line basis. For finance leases, the lessee recognizes the leased asset and liability on its balance sheet at the lower of fair value or present value of minimum lease payments.

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Orie 101terrimast

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1) The document outlines what students can expect during a typical library session for ORIE 101 classes, which includes an introduction to the library homepage, a LibGuide, searching the catalog, a video on finding books, and a scavenger hunt. 2) It compares the ORIE 101 session to one for ENGL 101, noting ORIE 101 focuses more on the physical library while ENGL 101 emphasizes research skills. 3) Benefits of bringing classes to the library include getting students out of the classroom, allowing them to explore the library, and working with librarians to potentially ease library anxiety.

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This document provides an introduction to case law citations and how to understand them. It discusses the components of citations for both civil and criminal cases from Singapore and the UK. It explains that a case citation includes the case name, court, year and page number. It also describes neutral citation systems used in Singapore and England/Wales which assign sequential numbers to written judgments. The document advises checking legal abbreviation references to understand abbreviations in citations and identifies countries. It aims to help readers learn how to read and interpret case citations.

National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...CleEconomicDevelopment

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The City of Cleveland is redeveloping brownfields along the Health Tech Corridor which follows the route of the Health Line BRT. The $200 million Health Line investment has spurred new development. The city is using brownfield assessment, cleanup funds, and land banking to prepare sites for mixed-use projects that leverage private and institutional investment. Successful redevelopments include Pierre's Ice Cream expansion, the Midtown Technology Center, and Uptown Phase I. The strategy is to use the BRT and institutional partnerships to generate momentum for further development.

ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...CleEconomicDevelopment

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The document outlines the development and impact of Cleveland's HealthLine Bus Rapid Transit (BRT) system, which began in 2005 and significantly improved transit efficiency and connectivity within the health tech corridor. Key partnerships were formed with local institutions to enhance economic development, support business growth, and maintain strong workforce connections. The success of the BRT system has led to increased investment and interest in the corridor, highlighting the importance of collaboration among various stakeholders.

Partnering with the Private Sector and Anchor InstitutionsCleEconomicDevelopment

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The document outlines the development and impact of Cleveland's Healthline BRT system, highlighting its integration with local infrastructure and economic revitalization efforts in the Health Technology Corridor. It discusses partnerships among various stakeholders, including universities and community organizations, aimed at attracting new businesses and enhancing employment opportunities. The document emphasizes the importance of data-driven strategies and community engagement to foster growth and maintain momentum in ongoing initiatives.

Big Ideas for Small Business: Cleveland Health LineCleEconomicDevelopment

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RTA expanded their free trolley service, called the "Smile Ride Free", to connect more areas in Cleveland including the Horseshoe Casino, Global Center for Health Innovation, Convention Center, Science Center, Rock Hall and lakefront. The expansion cost $3.6 million over 3 years, with the City of Cleveland providing $100,000 and local businesses contributing the remaining $720,000 local match. The trolley connects parking areas and underserved neighborhoods.

ITDP South Africa- Cleveland HealthLine Tour GuideCleEconomicDevelopment

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Cleveland has expanded its "smile ride free" trolley service to enhance connectivity to key venues and underserved areas, with an estimated $3.6 million cost and partial funding from local businesses. Various development projects in the city, including a $240 million mixed-use development and a $260 million cancer hospital, have been implemented to attract businesses and improve residential offerings. The city's Health Tech Corridor, supported by a cumulative investment of approximately $1 billion, aims to foster medical technology businesses through strategic location and infrastructure enhancements.

BOMA Presentation: Economic Trends & Development Initiatives in Cleveland Cleveland EconDev

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The document outlines economic trends in Cleveland, highlighting a strengthening urban core with low unemployment, increased job growth, and strong venture capital support. It emphasizes positive real estate trends, development initiatives in key areas like the health tech corridor, and the importance of industry clusters such as automotive, banking, and healthcare. Additionally, it discusses infrastructure projects like the 100 gig network aimed at enhancing business competitiveness in the health-tech corridor.

City of Cleveland Department of Economic Development: Report to Council 2013CleEconomicDevelopment

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The 2013 report to city council outlines various economic development initiatives in Cleveland, including the rigorous review process for significant loans managed by the Cleveland Citywide Development Corporation (CCDC) and successful projects like the expansion of the RTA trolley service and urban agriculture efforts in the Kinsman neighborhood. The report also highlights successful development projects, including historic renovations and expansions that contribute to job creation, as well as initiatives to support small businesses and address vacant properties in the city. Overall, the efforts aim to revitalize downtown Cleveland and enhance community development.

Big Ideas for Small Business: 2013 Report to Cleveland City CouncilCleEconomicDevelopment

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The document provides information on economic development initiatives in Cleveland in 2013. It discusses loans provided by the Cleveland Citywide Development Corporation to support historic building renovations. It also summarizes projects funded through the Vacant Property Initiative that renovated vacant buildings and returned them to productive use, creating over 3,500 jobs. Examples of successful projects funded include the Jay Lofts, Britton-Gallagher headquarters, and the Health Tech Corridor. Small business initiatives like the Grow America Fund and ECDI provided loans and support to local small businesses.

ITDP South Africa- Health-Tech Corridor- Angelou Economics StudyCleEconomicDevelopment

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The Cleveland Health and Technology Corridor Action Plan outlines six strategic goals aimed at promoting Cleveland as a leading biomedical center, enhancing real estate options for industry needs, and fostering workforce alignment with business demands. The plan is segmented into three project horizons with actionable items for immediate, short-term, and long-term implementation to attract and retain companies and talent in the corridor. Additionally, it emphasizes a collaborative approach among regional partners to enhance marketing efforts and improve the overall economic development of the area.

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The City of Cleveland partnered with the Cleveland Foundation to establish the Evergreen Cooperative Development Fund, aimed at creating employee-owned cooperatives that provide local services to anchor institutions and target low-income residents. The initiative has launched successful projects like an employee-owned laundry service and a greenhouse producing leafy greens, which have resulted in significant local employment and wealth creation. Overall, the cooperative model demonstrates a community-focused approach to economic development, enabling residents to earn equity and improve their local economy.

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The document summarizes Cleveland's Fannie M. Lewis Cleveland Resident Code, which requires that 20% of worker hours on public construction projects over $100,000 go to Cleveland residents, with 4% going to low-income residents. It was passed in 2003 to promote economic inclusion. In 2010, amendments were made to allow workers to retain their low-income status for up to 5 years and count hours from other projects. Contractors that do not meet the requirements face monetary penalties up to 2.5% of the total contract amount. The presentation provides contact information for questions.

Big Ideas for Small Business: NERA Cleveland Final Presentation- short versionCleEconomicDevelopment

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This disparity study examined contracting data and market conditions in Cleveland to determine if there is evidence of discrimination against minority- and women-owned firms. The study found disparities in many areas, including lower utilization rates, wages, business earnings, and loan approval rates. It provided recommendations to enhance current race- and gender-neutral initiatives and adopt new narrowly tailored race- and gender-conscious policies.

Big Ideas for Small Business: Food Truck- Ordinance No. 210-11 CleEconomicDevelopment

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This ordinance amends various sections of Cleveland's codified ordinances related to vendors and street vendors. It updates definitions and licensing fees for mobile food shops and vendors. It gives the Directors of Public Health and Capital Projects authority to adopt and enforce rules regarding food safety. Licenses and fees are required for mobile food shops, vending operations, and temporary food establishments. The Commissioner of Assessments and Licenses must submit license applications to the Director of Public Health for approval and collect specified fees and deposit them in compliance with state law.

Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...CleEconomicDevelopment

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Walnut Wednesdays is a weekly food truck event held in Downtown Cleveland on Walnut Avenue that has grown increasingly popular. On average, 9 food trucks and live music attract over 1,500 pedestrians each Wednesday from 11:30am-1pm. The diverse food trucks include several minority and women-owned businesses. The City of Cleveland and local organizations have supported the mobile food industry through a food cart pilot program that provides loans and grants to help operators acquire food trucks and carts.

Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...CleEconomicDevelopment

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The document summarizes proposed changes to Cleveland's ordinances regarding mobile food carts and trucks. It aims to streamline the approval process, allow food carts and trucks to operate citywide, establish designated zones, and simplify permitting requirements. The pilot program launched in 2010 was successful in promoting small businesses, local food, and street activity. The proposed revisions seek to build on those successes and support the growing food cart industry in a sustainable manner.

Big Ideas for Small Business: Greater University Circle Small Business Study-...CleEconomicDevelopment

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This document provides a summary of preliminary findings from a retail survey of 40 small businesses in neighborhoods near University Circle in Cleveland, Ohio. The key findings are: 1) The surveyed businesses fall primarily into four categories: barbershops/hair salons, convenience stores, art galleries/furniture stores, and food services. Most businesses are small, with an average of 3 employees. 2) The physical conditions of the business properties varies significantly, with over 40% deemed only fair or poor. Building condition correlates with neighborhood socioeconomic conditions. 3) Technology adoption among the businesses ranges widely, from some lacking cash registers to others using advanced systems like Square. Overall, technology appears to be utilized less often

Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...CleEconomicDevelopment

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The document describes the Neighborhood Retail Assistance Program offered by the City of Cleveland Department of Economic Development. The program provides below-market financing up to $40,000 to small, locally-owned retail businesses and restaurants for improvements. Eligible activities include renovations, equipment, signage, and sustainable upgrades. Applicants must provide 10% equity and meet requirements for taxes, permits, and workforce agreements. The program aims to upgrade retail districts and support local small businesses.

Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013CleEconomicDevelopment

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This document provides information about funding from the City of Cleveland Department of Economic Development to support the development of urban gardens for commercial sale of produce. It lists contact information for applying for grants up to $5,000 to cover expenses like tools, equipment, and infrastructure. Applicants must have an established sales presence at a farmers market or through other local food venues, or complete market gardener training. The goal is to promote a sustainable local food system and ensure all residents have access to healthy, affordable food.

Big Ideas for Small Business: Urban Agriculture/Gardening for GreenbacksCleEconomicDevelopment

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The document discusses Cleveland's Gardening for Greenbacks program which provides grants up to $3,000 to help fund urban agriculture businesses and farms. It provides details on 13 projects that received funding, including information on the recipient, location, amount awarded, and expected jobs. It also discusses other urban agriculture programs and organizations in Cleveland, including the Urban Agriculture Innovation Zone, Green City Growers cooperative, and various urban farms and their partnerships with local restaurants and organizations.

Big Ideas for Small Business: Food Truck Flow ChartCleEconomicDevelopment

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The document outlines the mobile food truck application workflow for new and renewal applicants. An applicant first completes an application with the Department of Public Health and passes a fire inspection if they use open flames or propane. If approved, the applicant pays their fees and the Department of Assessments and Licenses issues their license, ID badge, and receipt. For renewals, applicants must present proof of their existing state food license and pass another fire inspection if needed. The process takes 15-30 days to complete once the application is submitted.

Big Ideas for Small Business: ECDI FlyerCleEconomicDevelopment

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